I used to get 2 steakburgers and chips and two drinks in the Sandstone pub for -- a gram from memory
gold through history can in fact be the currency - there's plenty of gold coins in the world.
a lot of English sovereigns are fake. They are, however, exactly correct weight etc as real ones - meaning that the gold content is precisely the same as the real ones -
one reason for this is that sovereigns were the currency of countries in the ME - and when there was a lack of sovereigns - they were manufactured - counterfeited -
but, no one minded, because they were just used as the unit of currency.
The price of gold is rising because central banks are buying a lot. Everyone knows what is coming. Rather than fear - it's planning.